Petrus Trust Company LTA Invests $527,000 in Bread Financial Holdings, Inc. $BFH

Key Points

• Petrus Trust Company LTA invested approximately $527,000 in Bread Financial Holdings, acquiring 10,529 shares in the first quarter.
• Recent analyst ratings show that Bread Financial's stock is rated as a "Hold" with a consensus price target of $64.91, while four analysts have rated it a "Buy."
• The company announced a quarterly dividend of $0.21 per share, indicating a dividend yield of 1.3% and a payout ratio of 14.21%.

Petrus Trust Company LTA purchased a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,529 shares of the company's stock, valued at approximately $527,000.

A number of other institutional investors also recently modified their holdings of the business. Curat Global LLC acquired a new position in Bread Financial in the 1st quarter worth about $28,000. Quarry LP increased its holdings in Bread Financial by 947.5% in the 1st quarter. Quarry LP now owns 639 shares of the company's stock worth $32,000 after purchasing an additional 578 shares in the last quarter. Versant Capital Management Inc increased its holdings in Bread Financial by 182.8% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after purchasing an additional 839 shares in the last quarter. GAMMA Investing LLC increased its holdings in Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after purchasing an additional 319 shares in the last quarter. Finally, State of Wyoming acquired a new position in Bread Financial in the 1st quarter worth about $92,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BFH. Barclays reaffirmed an "underweight" rating and issued a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Wall Street Zen cut Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Royal Bank Of Canada increased their price target on Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, BTIG Research set a $105.00 price target on Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Bread Financial currently has a consensus rating of "Hold" and a consensus price target of $64.91.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett purchased 1,027 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were acquired at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the acquisition, the director owned 10,302 shares in the company, valued at approximately $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.85% of the company's stock.

Bread Financial Trading Down 1.1%

Shares of Bread Financial stock traded down $0.73 on Friday, hitting $63.20. 178,642 shares of the company's stock traded hands, compared to its average volume of 798,100. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $68.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. The company has a fifty day moving average of $62.02 and a two-hundred day moving average of $54.52. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.58 and a beta of 1.46.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $1.29. The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The company's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a $0.21 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.84 annualized dividend and a yield of 1.3%. Bread Financial's dividend payout ratio is presently 14.21%.

Bread Financial announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Bread Financial Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.